27 February 2013

SP 500 and NDX Futures Daily Charts - Down the Corporatist Rabbit Hole

"And this last enactment [affirmation of Voting Rights in 2006], not a single vote in the Senate against it. And the House is pretty much the same.

Now, I don’t think that’s attributable to the fact that it is so much clearer now that we need this. I think it is attributable, very likely attributable, to a phenomenon that is called perpetuation of racial entitlement.

It’s been written about. Whenever a society adopts racial entitlements, it is very difficult to get out of them through the normal political processes.

Antonin Scalia, Speaking About the 1965 Voting Rights Act, Feb 27, 2013

I just don't have the words.

We had a big up day in the kleptocracy today, for the usual made up reasons.

It was higher because the markets are beginning to lose their fear of 'the sequester.' And of course, there is a surfeit of hot money in the financial sector that is chasing paper assets, pushing them around the plate.